Paychex
PAYX
1,214 hedge funds and large institutions have $23.5B invested in Paychex in 2020 Q4 according to their latest regulatory filings, with 162 funds opening new positions, 434 increasing their positions, 427 reducing their positions, and 43 closing their positions.
277% more first-time investments, than exits
New positions opened: 162 | Existing positions closed: 43
66% more call options, than puts
Call options by funds: $215M | Put options by funds: $130M
15% more capital invested
Capital invested by funds: $20.4B → $23.5B (+$3.1B)
10% more funds holding
Funds holding: 1,108 → 1,214 (+106)
2% more repeat investments, than reductions
Existing positions increased: 434 | Existing positions reduced: 427
0% more funds holding in top 10
Funds holding in top 10: 18 → 18 (0)
0.81% less ownership
Funds ownership: 71.24% → 70.43% (-0.81%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Select Equity Group
New York
|
+$159M |
| 2 |
Bank of New York Mellon
New York
|
+$109M |
| 3 |
Capital International Investors
Los Angeles,
California
|
+$65.7M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
+$35.4M |
| 5 |
Charles Schwab
San Francisco,
California
|
+$30.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
-$102M |
| 2 |
Goldman Sachs
New York
|
-$85.3M |
| 3 |
BlackRock
New York
|
-$81.2M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$49.4M |
| 5 |
Two Sigma Advisers
New York
|
-$49M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CHAM
1251
Clear Harbor Asset Management
Stamford,
Connecticut
| – | -$13.6K | -170 | Closed |
|
|
CAGAS
1252
Capital Advisory Group Advisory Services
Bloomington,
Minnesota
| – | -$3K | -39 | Closed |
|
|
UFF
1253
USA Financial Formulas
Ada,
Michigan
| – | -$2K | -27 | Closed |
|
|
PFWA
1254
Paces Ferry Wealth Advisors
Atlanta,
Georgia
| – | -$1K | -8 | Closed |
|
1255
Fidelity International
Hamilton,
Bermuda
| – | +$89 | +1 | +33% |
|
|
CWM
1256
Curi Wealth Management
Raleigh,
North Carolina
| – | +$178 | +2 | New |
|
PAYX Hedge Fund Activity: Q4 2020 in Review
1,214 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Paychex (PAYX) for Q4 2020, worth a combined $23.5B — up 15% from $20.4B a quarter earlier.
Buyers outnumbered sellers: 162 funds opened new PAYX positions and 43 closed out — a net gain of 119 holders — while 434 added to existing stakes and 427 trimmed.
The largest buyer was Select Equity Group, adding an estimated $159M. The largest seller was Norges Bank, cutting an estimated $102M.
- 1,214 institutional investors held Paychex (PAYX) as of Q4 2020, up from 1,108 in Q3 2020.
- Funds reported $23.5B of Paychex stock for Q4 2020, up 15% quarter-over-quarter.
- 162 funds opened new Paychex positions in Q4 2020 and 43 closed out, a net change of +119 holders.
- The largest Paychex buyer in Q4 2020 was Select Equity Group, an estimated $159M added.
- The largest Paychex seller in Q4 2020 was Norges Bank, an estimated $102M sold.
Based on aggregated 13F filings for Q4 2020.